Malta - Services, value added (% of GDP)

Services, value added (% of GDP) in Malta was 76.14 as of 2020. Its highest value over the past 50 years was 76.14 in 2020, while its lowest value was 25.70 in 1976.

Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1970 35.56
1971 39.69
1972 33.84
1973 31.79
1974 29.40
1975 27.42
1976 25.70
1977 26.74
1978 27.98
1979 29.46
1980 30.49
1981 32.30
1982 33.67
1983 36.06
1984 34.78
1985 35.00
1986 33.42
1987 35.26
1988 35.71
1989 35.45
1990 36.98
1991 37.52
1992 41.11
1993 42.95
1994 41.97
1995 60.46
1996 62.24
1997 61.93
1998 62.14
1999 62.40
2000 60.34
2001 62.63
2002 61.60
2003 62.08
2004 63.41
2005 64.06
2006 65.15
2007 67.16
2008 67.67
2009 68.53
2010 69.30
2011 69.94
2012 71.98
2013 72.70
2014 74.18
2015 75.70
2016 75.54
2017 76.09
2018 75.19
2019 75.71
2020 76.14

Limitations and Exceptions: In the services industry the many self-employed workers and one-person businesses are sometimes difficult to locate, and they have little incentive to respond to surveys, let alone to report their full earnings. Compounding these problems are the many forms of economic activity that go unrecorded, including the work that women and children do for little or no pay.

Statistical Concept and Methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices. Financial intermediation services indirectly measured (FISIM) is an indirect measure of the value of financial intermediation services (i.e. output) provided but for which financial institutions do not charge explicitly as compared to explicit bank charges. Although the 1993 SNA recommends that the FISIM are allocated as intermediate and final consumption to the users, many countries still make a global (negative) adjustment to the sum of gross value added.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts